Your client obtained a luxury automobile on 9/30/18 and immediately began depreciating it. In 2020, his depreciation limit will be: $14.900 $9.700 $16.100 $5.760 A taxpayer has a side job delivering papers. Over the course of the year, they made $1,200 from the side job and had $1,200 in expenditures. Which of the following statements is most accurate? The two cancel out and should not be reported The taxpayer did not make enough money to claim the income Only the income should be reported Both the income and expenses should be reported